Worth reading
65In focus
Scored from 5 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
23.5
% (year-on-year increase in operating income)Wording
Conditional
How definitive the wording is.Results for this period
Full year2024年4月1日〜2025年3月31日ConsolidatedJapanese GAAPNet Sales31,957¥ millionYear on year -0.2%
Operating profit3,046¥ millionYear on year +23.5%
Ordinary income3,184¥ millionYear on year +22.6%
Net income attributable to owners of the parent2,379¥ millionYear on year +41.5%
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit.
Net income per share113.58円
Operating Margin9.5%
Financial position at period-end
Total assets45,777¥ million
of which net assets 39,754 ¥ millionEquity ratio 86.8%vs. prior year-end +1.9pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Cash inflows and outflows
Operating+2,463
Investment-1,258
Financials-1,564
Net change-359
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥10,123 million
Segment revenueWater Supply Equipment Business ¥17,070 million (YoY +0.4%), Housing and Building Equipment Business ¥12,316 million (YoY -0.3%), Product Sales Business ¥2,570 million (YoY -3.0%)
Segment profitWater Supply Equipment Business ¥5,381 million (YoY +5.7%), Housing and Building Equipment Business ¥2,128 million (YoY +8.6%), Product Sales Business ¥311 million
Outlook and shareholder returns
Full-year earnings forecast
ConsolidatedNot disclosed
IndividualNet Sales ¥32,000 million (YoY +1.1%) / Operating profit ¥2,250 million (YoY -29.2%) / Ordinary income ¥2,420 million (YoY -27.5%) / Net income ¥2,000 million (YoY -1.2%)
Annual Dividend Forecast57.00円（2025年3月期実績） → 50.00円（2026年3月期予想）
Payout ratio50.2%（2025年3月期実績）、51.8%（2026年3月期予想）
Shareholder Return Policy連結配当性向50％を目安とし、安定性・継続性に配慮しながら、機動的に自己株式取得等を実施する方針
Factors Behind Changes in Business Performance
給水装置事業では新設住宅着工戸数が前期を下回ったものの販売価格改定効果により増収増益。住宅・建築設備事業では新設住宅着工戸数が低調だったが販売価格改定効果により増益。商品販売事業では鋳鉄商品の販売減少により減収。全体では販売価格改定効果が利益を押し上げた。
Disclosure regarding the going concern assumption
Not applicable.
Change in accounting policy
基準改正に伴う変更 Yesそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew 0 companies / Excluded 1社（前澤給装（南昌）有限公司）
Material subsequent events2025年4月1日を効力発生日として、完全子会社のＱＳＯインダストリアル株式会社を吸収合併した。
Impairment loss¥14 million
Breakdown of extraordinary income (loss)Extraordinary income Item Gain on sale of investment securities / Amount ¥1 million, Item Gain on sale of investments in an affiliated company / Amount ¥187 million / Extraordinary loss Item Loss on Disposal of Fixed Assets / Amount ¥130 million, Item Impairment Losses / Amount ¥14 million
Depreciation and amortization667（連結キャッシュ・フロー計算書）／705（セグメント情報計）
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for securities analysts and institutional investors)
Issued Shares at Period-End21,500,000 shares
Treasury Shares at Period-End762,385株
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 2024年4月1日〜2025年3月31日 |
| Net Sales | ¥31,957 million (YoY -0.2%) |
| Operating profit | ¥3,046 million (YoY +23.5%) |
| Ordinary income | ¥3,184 million (YoY +22.6%) |
| Profit attributable to owners of the parent | ¥2,379 million (YoY +41.5%) |
| Net income per share | 113.58円 |
| Operating Margin | 9.5% |
| Equity ratio | End of the current fiscal period 86.8% / End of previous period 84.9% |
| Total assets | ¥45,777 million |
| Net assets | ¥39,754 million |
| Cash flows from operating activities | ¥2,463 million |
| Cash flows from investing activities | ¥-1,258 million |
| Cash flows from financing activities | ¥-1,564 million |
| Cash and cash equivalents at end of period | ¥10,123 million |
| Full-year earnings forecast | Consolidated Not disclosed / Individual Net Sales ¥32,000 million (YoY +1.1%) / Operating profit ¥2,250 million (YoY -29.2%) / Ordinary income ¥2,420 million (YoY -27.5%) / Net income ¥2,000 million (YoY -1.2%) |
| Annual Dividend Forecast | 57.00円（2025年3月期実績） → 50.00円（2026年3月期予想） |
| Payout ratio | 50.2%（2025年3月期実績）、51.8%（2026年3月期予想） |
| Shareholder Return Policy | 連結配当性向50％を目安とし、安定性・継続性に配慮しながら、機動的に自己株式取得等を実施する方針 |
| Segment revenue | Water Supply Equipment Business ¥17,070 million (YoY +0.4%), Housing and Building Equipment Business ¥12,316 million (YoY -0.3%), Product Sales Business ¥2,570 million (YoY -3.0%) |
| Segment profit | Water Supply Equipment Business ¥5,381 million (YoY +5.7%), Housing and Building Equipment Business ¥2,128 million (YoY +8.6%), Product Sales Business ¥311 million |
| Depreciation and amortization | 667（連結キャッシュ・フロー計算書）／705（セグメント情報計） |
| Impairment loss | ¥14 million |
| Breakdown of extraordinary income (loss) | Extraordinary income Item Gain on sale of investment securities / Amount ¥1 million, Item Gain on sale of investments in an affiliated company / Amount ¥187 million / Extraordinary loss Item Loss on Disposal of Fixed Assets / Amount ¥130 million, Item Impairment Losses / Amount ¥14 million |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards Yes / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New 0 companies / Excluded 1社（前澤給装（南昌）有限公司） |
| Material subsequent events | 2025年4月1日を効力発生日として、完全子会社のＱＳＯインダストリアル株式会社を吸収合併した。 |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for securities analysts and institutional investors) |
| Issued Shares at Period-End | 21,500,000 shares |
| Treasury Shares at Period-End | 762,385株 |
| Factors Behind Changes in Business Performance | 給水装置事業では新設住宅着工戸数が前期を下回ったものの販売価格改定効果により増収増益。住宅・建築設備事業では新設住宅着工戸数が低調だったが販売価格改定効果により増益。商品販売事業では鋳鉄商品の販売減少により減収。全体では販売価格改定効果が利益を押し上げた。 |
Items this document does not state (3)
Revision to Earnings ForecastRegional salesOrders received and order backlog
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.給水装置事業では販売価格改定効果により増収増益となり、住宅・建築設備事業でも販売価格改定効果が利益を押し上げた。一方、住宅着工戸数の低調な推移や鋳鉄商品の販売減少が売上を抑えた。次期は原材料・エネルギーコストの高騰を想定し、業務効率化によるコスト削減と適切な販売価格の維持に取り組むとしている。
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.